News
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Egypt closes Nasr City’s car market as measure to curb corona virus
The car market receives a large number of citizens from different governorates.
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Egypt to announce new state IPO plan in 2 months
The government had planned to offer shares in 23 public-owned companies on the EGX, but the corona virus has sent global markets tumbling.
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Egypt’s car sales up 10% in January
The beginning of 2019 witnessed the full application of the EU-Egypt Association Agreement which removed tariffs on European origin cars.
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President Sisi's new economic policies to be implemented in FY2020/2021
FY2020/2021 state budget includes procedures that aim to improve the financial position of employees at state bodies.
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Egypt's stock exchange temporarily halted after broader index EGX 100 losses exceed 5%
In the first two hours of Sunday's session, the market capital lost about EGP 36.6 billion to reach EGP 563.2 billion.
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Women Economic Forum brings 1,500 women business leaders to Egypt
Organizers say it reflects women's growth within the Mideast business community.
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Egyptian public business minister receives bt100 award
BT100 is a tribute to the leaders of the governmental and private sectors and corporate for their important role in improving the economy.
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CBE has liquidity enough to support national economy
Egyptian banks have liquidity allowing them to grant loans and support the national economy.
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Egypt increases usage fee for national gas grid by 29%
The price increase came as part of a "gradual liberalization of the market".
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Digital payment growth could boost Egypt’s GDP by 3.5%
Visa presented its security roadmap for Egypt’s payments ecosystem.
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Egypt's real estate market copes with “roller coaster ride” in 2019
The JLL report also discusses the concept of ‘smart cities’, and a batch of fourth-generation cities, many of which will be in Egypt’s New Capital.
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Germany top exporter of tourists to Egypt with 2.5 million visitors in 2019
Al-Batouti said Egypt needs more trained cadres in its tourism office in Germany.
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It’s time for Egypt to play leadership role in shaping MENA region
Cairo will host the Women Economic Forum (WEF) for the first time on 4-5 March under the auspices of President Abdel Fatah Al-Sisi.
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Egypt to launch bid for gold exploration in Eastern Desert
Egypt plans to launch an exploration round for gold in its Eastern Desert in the first half of March, an official at the mineral resources authority.
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Egypt's domestic debt hits 10-year low
The domestic debt was 94.5 percent of Egypt's gross domestic product (GDP) during 2016/2017.
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Egypt EFG Hermes-Citibank to advise TE on Vodafone stake sale option
Telecom Egypt is very well positioned to ensure that its shareholders gain the maximum benefit out of the opportunities that are currently presented.
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Hamburg Süd expands business in Italy, Spain, and Egypt
In Egypt the company has taken full management of Hamburg Süd Egypt recently.
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EBRD funds Saudi Almarai’s business in Egypt, Jordan
The Tadawul-listed company operates in Egypt and Jordan through its respective subsidiaries Beyti and Teeba.
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Belarus, Egypt to exchange information in customs matters
Chairman of the Belarusian State Customs Committee Yuri Senko met with Head of the Egyptian Customs Authority El Sayed Kamal Hassan Negm in Cairo.
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Vodafone Egypt expected to cancel tender for solar PV plant to power its installations
VF to be the first among the four mobile operators in Egypt to consume electricity 100% produced from renewable sources.